Looking ahead to BOC interest rate announcement:
– Thirty-one per cent say they will be comfortable taking on more debt if rates decrease
– Half say they will be more concerned about their ability to pay their debts if rates increase
CALGARY, ALBERTA–(Marketwired – April 11, 2017) – As the nation awaits the Bank of Canada’s next announcement on interest rates, Canadians’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt. Nearly thirty per cent of Canadians say that the current low interest-rate environment has caused them to take on more debt than they otherwise would have.
While some blame low interest rates for their borrowing binge, the survey revealed tha…
Read the full article at: http://www.marketwired.com/press-release/three-ten-canadians-say-low-interest-rates-have-caused-them-take-on-more-debt-than-they-2208928.htm
